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AVATION PLC

("Avation" or "the Company")

SALE OF BOEING 777-300ER AIRCRAFT

Avation PLC (LSE: AVAP), announces that it has entered into an agreement to sell a Boeing 777-300ER widebody aircraft, currently on lease to Philippine Airlines.

Asset valuations for widebody aircraft have performed strongly since the end of the COVID pandemic and this sale transaction is contracted to generate a material profit above book value. After repayment of associated debt finance the transaction is expected to release around US$33 million in net cash proceeds.

The company will use the net cash proceeds for overall debt reduction and may strategically reinvest these proceeds into high-quality narrowbody aircraft in the secondary market, prioritizing assets with extended lease terms and creditworthy lessees. This approach is designed to enhance the resilience and diversification of Avation's fleet.

Subject to customary closing conditions, the transaction is expected to be completed in the third quarter of 2025.

Jeff Chatfield, Executive Chairman of Avation, commented: "We are delighted to enter into this agreement. We believe that the market values for modern commercial aircraft are materially higher than our book values and we are experiencing favourable market conditions. This Boeing 777-300ER has been a valuable investment, however, by policy we try to focus on aircraft types currently in production and we formed a view that it was time to divest this asset. The reinvestment of net proceeds will further optimize our fleet's risk profile, reduce leverage and allow further diversification thus lowering the portfolio risk."

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman                              +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address for questions is: [email protected] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 6252 2077.

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.